Total Members: 153,560

merlinnn

  • merlinnn replied to the topic Advice Needed in the forum Help Needed! 6 years, 10 months ago

    Well I’m confused now…

    I have spoken to multiple people over the last few days all with various opinions, however one did seem to gel with me. A family friend mentioned I should ditch the unit idea and look for a normal house in the burbs, on a larger block with the option of carving it up later. A bit of digging around and I managed to find a…[Read more]

  • merlinnn replied to the topic Advice Needed in the forum Help Needed! 6 years, 10 months ago

    By purchasing a small unit I thought it would be possible to purchase 2 x properties instead of 1?

    The SMSF has been setup for two years now under a corporate trustee, predominantly share trading.

    Again I thought buy a studio outright and start deriving an income stream of which will also help support the purchase of a conventional 2 bedroom…[Read more]

  • merlinnn replied to the topic Advice Needed in the forum Help Needed! 6 years, 10 months ago

    I was looking to buy within the SMSF and yes most of the studio apartments are very small, hence I did not think finance was possible?

    I guess my logic was to acquire 2 x properties ASAP as opposed to just financing one? Could I finance 2 properties with 120k?

  • merlinnn replied to the topic Advice Needed in the forum Help Needed! 6 years, 10 months ago

  • Hi Everyone,

    I’m new to the forum and am seeking some seasoned investors advice on my strategy.

    A quick overview of my situation;

    My wife and I currently run our own SMSF and are looking to purchase property as to diversify from the share market. We have about 120k in cash and my thoughts were to buy a small studio apartment outright as…[Read more]

  • merlinnn became a registered member 6 years, 10 months ago

merlinnn

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